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 Contribute more to EPF

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gooroojee
post Mar 25 2022, 09:24 AM

LowYee
*******
Senior Member
2,193 posts

Joined: Feb 2012
QUOTE(hioniq @ Mar 25 2022, 09:16 AM)
I am thinking to request to increase from 11% to 16%, save for the future provided epf rate is very nice.

What do you guys think?

As a salaried employee, you have the choice of contributing more for better savings. You or your employer (or both), may voluntarily contribute at a rate exceeding the statutory rate as long as you meet the requirements.
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You can do self contribution directly from most banks online to your EPF account. Zero hassle.

One year max rm60k. Can transfer one shot.
gooroojee
post Mar 25 2022, 09:40 AM

LowYee
*******
Senior Member
2,193 posts

Joined: Feb 2012
QUOTE(Blofeld @ Mar 25 2022, 09:30 AM)
one-off contribution?

anytime also can?

or is it must be committed to be every month?
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Any time. Any amount. Only have limit of 60k a year.

 

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